Deal Updates

Cybersecurity company Invary, which specialises in Runtime Integrity solutions, has secured a $3.5m seed funding round.

Riot, a cybersecurity company focused on employee security solutions, has raised $30m in a Series B funding round.

Over 200 financial entities, collectively managing assets worth €6.6 trillion, have issued a stark warning to the European Commission.

In an age where the regulatory landscape is getting more complex and multifaceted by the year, compliance as a box-ticking activity is becoming a step not far enough for many financial firms. To meet the moment, many businesses are needing to demonstrate more traceability and accountability in their compliance operations.  

Encompass Corporation, a leader in KYC automation and CDI has unveiled EC360, a platform designed to address the evolving needs of the banking sector.

In December 2024, the South African Treasury published the draft AML and CTF Amendment Bill, which is now open for public comment.

In the evolving landscape of financial services, the transition towards AI in AML operations is becoming increasingly prevalent.

Aligning environmental, social, and governance (ESG) data with the expectations of investors and regulators presents a significant challenge.

Semeris, a specialist in AI-driven legal document analysis for financial institutions, has raised $4.3m in a funding round led by Puma Growth Partners, a firm known for providing growth capital to small and medium-sized businesses.

Observo AI, an AI-native data pipeline company, has secured $15m in seed funding to advance its solutions for managing the rising costs and complexity of observability and security data.